Global Markets:
● Asian Stock Markets : Nikkei up 1.38%, Shanghai Composite up 0.22% Hang Seng up 0.34% ASX up 0.18%
● Commodities : Gold at $4,378.65 (-0.11%) Silver at $66.455 (0.06%), Brent Oil at 101.19 (0.84%), WTI Oil at 92.94 (0.62%)
● Rates : US 10-year yield at 4.927, UK 10-year yield at 5.2159, Germany 10-year yield at 3.4536
News & Data:
● (EUR) ECB President Lagarde Speaks
0.1% to 0.1% expected
Markets Update:
U.S. equity futures were little changed Monday night after a strong rally in artificial intelligence-related stocks lifted the major averages.
S&P 500 futures edged up 0.02%, while Nasdaq-100 futures gained 0.2%. In Asia, South Korea’s Kospi jumped 2.20%, while the Kosdaq rose 1.12%. Australia’s S&P/ASX 200 gained 0.30%, Hong Kong’s Hang Seng Index added 0.21%, and mainland China’s CSI 300 climbed 0.83%. Japanese markets were closed for a holiday.
The moves followed a broad rally on Wall Street. The S&P 500 advanced 1.5% for its strongest session since Aug. 4, while the Nasdaq Composite surged 2.3% to its first record close since June. The Dow gained 366 points, or 0.7%.
AI and semiconductor stocks led the advance. Meta Platforms jumped more than 11%, while Intel and AMD surged 12% and about 10%, respectively. AMD briefly reached a $1 trillion market valuation. Nvidia rose 2%, while Corning gained nearly 6%.
Lower oil prices also supported sentiment. West Texas Intermediate crude fell 4.5% to $95.78 a barrel, while Brent settled more than 3% lower at $100.34.
Investors will focus on President Donald Trump’s upcoming meeting with Chinese President Xi Jinping in Washington, with AI, tariffs, Iran and rare earth metals expected to feature prominently.
Upcoming Events:
● 2:00 PM GMT – EUR Consumer Confidence
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